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Nonprofiteer
← GRIFFIN FACULTY PHYSICIANS INC

Form 990 for tax year 2023

Filed by GRIFFIN FACULTY PHYSICIANS INC.

Totals

Total revenue
$38,588,793
Total expenses
$51,022,681
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$38,585,993
Investment income
$0
Other revenue
$2,800
Total assets, end of year
$14,156,342
Total liabilities, end of year
$11,998,040
Net assets or fund balances, end of year
$2,158,302
Program services expenses (Part IX)
$45,754,825
Management and general expenses
$5,267,856
Fundraising expenses
$0
Program service expenses (Part III)
$45,754,825

Program services were 89.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $31,832,127 · related or exempt $31,832,127

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $6,753,866 · related or exempt $6,753,866

  • 6a · Gross rents

    real property $2,800

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,800

  • 6d · Net rental income or loss

    total $2,800 · excluded $2,800

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $905,245 · program services $905,245

  • 7 · Other salaries and wages

    total $30,580,696 · program services $27,571,454 · management and general $3,009,242

  • 8 · Pension plan contributions

    total $666,695 · program services $602,839 · management and general $63,856

  • 9 · Other employee benefits

    total $3,717,627 · program services $3,367,444 · management and general $350,183

  • 10 · Payroll taxes

    total $2,060,707 · program services $1,869,138 · management and general $191,569

  • 11b · Fees: legal

    total $3,937 · management and general $3,937

  • 11g · Fees: other

    total $3,513,987 · program services $2,422,602 · management and general $1,091,385

  • 12 · Advertising and promotion

    total $3,602 · program services $2,672 · management and general $930

  • 13 · Office expenses

    total $765,909 · program services $455,234 · management and general $310,675

  • 14 · Information technology

    total $1,877,871 · program services $1,877,871

  • 16 · Occupancy

    total $2,437,716 · program services $2,294,158 · management and general $143,558

  • 17 · Travel

    total $44,433 · program services $26,648 · management and general $17,785

  • 22 · Depreciation, depletion and amortization

    total $582,226 · program services $557,471 · management and general $24,755

  • 23 · Insurance

    total $164,604 · program services $136,400 · management and general $28,204

  • 24a · Other expenses: BAD DEBTS

    total $2,272,299 · program services $2,272,299

  • 24b · Other expenses: MEDICAL & DRUG SUPPLIES

    total $1,199,244 · program services $1,196,447 · management and general $2,797

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $143,681 · program services $139,121 · management and general $4,560

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $31,362 · program services $22,045 · management and general $9,317

  • 24e · All other expenses

    total $50,840 · program services $35,737 · management and general $15,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $907,845 · end of year $628,388

  • 4 · Accounts receivable

    beginning of year $1,509,950 · end of year $1,635,290

  • 9 · Prepaid expenses and deferred charges

    beginning of year $159,772 · end of year $390,541

  • 10a · Land, buildings and equipment: cost or other basis

    $6,894,268

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,329,705

  • 10c · Land, buildings and equipment, net

    beginning of year $2,939,079 · end of year $2,564,563

  • 15 · Other assets

    beginning of year $9,667,152 · end of year $8,937,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,936,020 · end of year $2,928,635

  • 25 · Other liabilities

    beginning of year $9,774,305 · end of year $9,069,405

  • 27 · Net assets without donor restrictions

    beginning of year $2,473,473 · end of year $2,158,302

Mission and programs · 2023

Mission

PROVIDE MEDICAL SERVICES FOR THE PATIENTS OF GRIFFIN HOSPITAL AND THE COMMUNITY SERVED BY THE HOSPITAL. GRIFFIN FACULTY PHYSICIANS ALSO PROVIDES TEACHING SERVICES FOR GRIFFIN HOSPITAL'S GRADUATE MEDICAL EDUCATION PROGRAMS AND CONDUCT PREVENTIVE HEALTH SERVICES RESEARCH.

Activities or mission (Part I)

MULTI-SPECIALITY MEDICAL GROUP AFFILIATED WITH GRIFFIN HOSPITAL

  • PROVIDE MEDICAL SERVICES FOR THE PATIENTS OF GRIFFIN HOSPITAL AND THE COMMUNITY SERVED BY THE HOSPITAL. GRIFFIN FACULTY PHYSICIANS ALSO PROVIDES TEACHING SERVICES FOR GRIFFIN HOSPITAL'S GRADUATE MEDICAL EDUCATION PROGRAMS AND CONDUCT PREVENTIVE HEALTH SERVICES RESEARCH.

    Expenses $45,754,825 · Revenue $38,585,993

As filed on the 2023 return.

Listed in Part VII

  • Frederick Browne MD

    PRESIDENT

    Total calculated
    $500,391
    From this org
    $453,215
    From related orgs
    $0
    Other
    $47,176
    Hours/week
    40 + 0.38 related

    Schedule J breakdown matched by us

    Base
    $399,045
    Bonus
    $52,532
    Other
    $1,638
    Deferred
    $12,116
    Nontaxable benefits
    $35,060
    Filer's total
    $500,391
  • Denise Barajas MD

    VICE PRESIDENT

    Total calculated
    $393,701
    From this org
    $361,032
    From related orgs
    $0
    Other
    $32,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,310
    Bonus
    $0
    Other
    $1,722
    Deferred
    $10,980
    Nontaxable benefits
    $21,689
    Filer's total
    $393,701
  • Patrick Charmel

    SECRETARY

    Total calculated
    $1,010,141
    From this org
    $0
    From related orgs
    $969,626
    Other
    $40,515
    Hours/week
    3 + 47.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $607,624 related
    Bonus
    $0 + $360,280 related
    Other
    $0 + $1,722 related
    Deferred
    $0 + $8,438 related
    Nontaxable benefits
    $0 + $32,077 related
    Filer's total
    $0 + $1,010,141 related
  • Alexander S Balko

    TREASURER

    Total calculated
    $478,194
    From this org
    $0
    From related orgs
    $435,982
    Other
    $42,212
    Hours/week
    3 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,372 related
    Bonus
    $0 + $53,888 related
    Other
    $0 + $1,722 related
    Deferred
    $0 + $8,238 related
    Nontaxable benefits
    $0 + $33,974 related
    Filer's total
    $0 + $478,194 related
  • Adam M Dworkin

    VICE PRESIDENT (LEFT 11/11/23)

    Total calculated
    $229,129
    From this org
    $0
    From related orgs
    $193,293
    Other
    $35,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $173,125 related
    Bonus
    $0 + $18,843 related
    Other
    $0 + $1,325 related
    Deferred
    $0 + $5,401 related
    Nontaxable benefits
    $0 + $30,435 related
    Filer's total
    $0 + $229,129 related
  • Deborah A Hennessy

    ASSISTANT VP

    Total calculated
    $205,788
    From this org
    $0
    From related orgs
    $187,099
    Other
    $18,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $179,539 related
    Bonus
    $0 + $6,282 related
    Other
    $0 + $1,278 related
    Deferred
    $0 + $5,432 related
    Nontaxable benefits
    $0 + $13,257 related
    Filer's total
    $0 + $205,788 related
  • Richard P Salzano Jr

    PHYSICIAN

    Total calculated
    $551,920
    From this org
    $508,796
    From related orgs
    $0
    Other
    $43,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $507,074
    Bonus
    $0
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $33,974
    Filer's total
    $551,920
  • Grace A Biggs MD

    PHYSICIAN

    Total calculated
    $699,511
    From this org
    $658,545
    From related orgs
    $0
    Other
    $40,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,281
    Bonus
    $186,542
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $31,816
    Filer's total
    $699,511
  • Mark A Marieb MD

    PHYSICIAN

    Total calculated
    $715,019
    From this org
    $678,070
    From related orgs
    $0
    Other
    $36,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $600,400
    Bonus
    $75,948
    Other
    $1,722
    Deferred
    $6,750
    Nontaxable benefits
    $30,199
    Filer's total
    $715,019
  • Jonathan T Simon

    PHYSICIAN

    Total calculated
    $722,633
    From this org
    $691,794
    From related orgs
    $0
    Other
    $30,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,890
    Bonus
    $308,182
    Other
    $1,722
    Deferred
    $9,150
    Nontaxable benefits
    $21,689
    Filer's total
    $722,633
  • Scott A Vander Vennet MD

    PHYSICIAN

    Total calculated
    $550,491
    From this org
    $517,469
    From related orgs
    $0
    Other
    $33,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $391,684
    Bonus
    $124,063
    Other
    $1,722
    Deferred
    $8,206
    Nontaxable benefits
    $24,816
    Filer's total
    $550,491

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT IS PAID BY GRIFFIN HOSPITAL. GRIFFIN HOSPITAL USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 7
AT THE END OF THE YEAR, THE COMPENSATION COMMITTEE REVIEWS PERFORMANCE OF EACH INDIVIDUAL IN LINE WITH CERTAIN CRITERIA. BASED ON AN OVERALL REVIEW OF THEIR PERFORMANCE AND THEIR COMPENSATION, THE COMMITTEE RECOMMENDS A BONUS AMOUNT WHICH IS APPROVED BY THE BOARD OF DIRECTORS. DURING THE YEAR ENDED SEPTEMBER 30, 2024, THE BONUS AMOUNTS FOR THE FOLLOWING INDIVIDUALS WERE DETERMINED USING THIS PROCESS: ADAM M. DWORKIN ALL OTHER BONUS PAYMENTS WERE FIXED PAYMENTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GH VENTURES INC

    C · RENTAL OF REAL ESTATE · CT

  • HEALTHCARE ALLIANCE INSURANCE CO LTD

    C · OFFSHORE CAPTIVE · CJ

  • CT PRACTICE MANAGEMENT INC

    C · INACTIVE · CT

  • GRIFFIN PHO INC

    C · HEALTHCARE SERVICES · CT

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2025
IRS schema version
2023v6.0
Source object
202542259349302814

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